<span>Time and interest rates are directly related to one another. When paying a loan that accures interest, the longer it takes for you to pay the loan back, the more interest you are going to pay on that loan. Over time, the interest adds up and can be a large sum of money, if you want to pay a lower amount of interest, it is often beneficial to pay off the loan in a quicker amount of time. </span>
Answer:
The principal balance is $151,573
Explanation:
For computing the principal balance, we need the following calculation which is shown below:
1. First we have to compute the 1 month interest payment which equals to
= Note amount × rate × 1 month ÷ total months in a year
= $152,000 × 14% × 1 ÷ 12
= 1773.33
2. Now deduct the first month interest from installment amount which equals to
= Installment amount - Interest amount
= $2,200 - $1773.33
= $426.67
3. Now subtract step 2 amount from notes amount which equals to
= Notes amount - principal amount
= $152,000 - $426.67
= $151,573.33
Hence, the principal balance is $151,573
Answer:
Halonia
Explanation:
Sounds very unique and different. Very eye catching. Sounds girly but not too girly.
I personally strongly disagree because you might control yourself but you can’t control what other people do around you.
Answer:
Combined turnover = $13,300,000.
Explanation:
The combined turnover is the sum of the turnover for last year and the turnover after the investment opportunity is taken.
Combined turnover = turnover last year + turnover from the new investment opportunity.
= 10,500,000 + 2,800,000
= $13,300,000
